Looking to diversify beyond CVRD? The ETFs below have the lowest correlation with CVRD — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from CVRD.
Best Diversifiers for CVRD
516 ETFs have low correlation with CVRD (below 0.3), 23 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.47, roughly unchanged from -0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.48 | -0.48 | -0.48 | 99 | Leveraged Equities, Semiconductors | CVRD vs MUU | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 60 | Inverse Equities, Leveraged Equities | CVRD vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.32 | — | — | 53 | Inverse Equities | CVRD vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.28 | — | — | 65 | Derivative Income | CVRD vs WNTR | |
| ProShares UltraShort Yen | -0.23 | — | — | 75 | Leveraged Currency | CVRD vs YCS |
See all 2058 diversifiers for CVRD
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